Enter the Draghi?

César Pérez, EMEA Chief Investment Strategist at J.P. Morgan Private Bank, looksback at the events of 2012 and examines the case for the European credit market’s ‘fallen angels’. “As 2012 comes to a close, we look back at the events that have taken place throughout a year in which political power from almost 60% of world GDP changed hands (the last major election of the year was in Japan on the 16th of December). From a European perspective, we have to conclude that 2012 has been "the year of the Draghi.